Siranjeevi Recurring Deposit Account

Period of Deposits

Deposits can be made between 36 months and maximum 84 months in completed quarters

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Anyone above 18 years age and below 60 years age can open a SRD Account

Reap Double Benefits - Life Insurance Cover along with Interest on Deposits

Hassle Free Scheme - No Medical Check-up required *

Deposit can be opened with a minimum of Rs. 100 and in multiples of Rs. 100 subject to a maximum of Rs. 10,000

Life Insurance Cover is available up to a maximum of Rs. 10 Lakhs

For Accidental Death - Double Insurance Cover is available up to a maximum of Rs. 20 Lakhs

Insurance Premium is paid by bank itself, out of future accrued interest

Loans can be obtained against the deposit amount

No tax liability for Death Benefits (u/s 10D)

Tax Benefits for Premium Paid as per Income Tax Act

Note : * If the depositor is aged above 45 years and the sum assured is above Rs.3.00 lakh, the depositor should undergo medical tests. The cost of the tests will be borne by the insurance company.

Siranjeevi Recurring Deposits Account

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Period of Deposits

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Siranjeevi Recurring Deposits Account

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Period of Deposits

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Period of Deposits

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